Donald Trump Gives up Control. Interest payments are using up most of the cash generated by the casinos leaving little cash available for upgrading the properties. To remedy this, an investment bank has agreed to invest $400 million of cash into Trump Hotels & Casino Resorts. Part of the change will involve getting some of the debtholders to surrender their bonds in return for shares of stock in the company. Of course, that means more shares of stock outstanding....

DLJ Merchant Banking would own about two-thirds of Trump International with Trump owning slightly more than 20 percent, people familiar with the deal said. Trump now owns 56 percent of the shares, assuming all conversions and options. Trump would not cash out or give up any of his current shares.